Forex Trading Light Ahead of U.S. Non-Farm Payroll Report

Forex markets are trading in tight ranges ahead of this morning’s U.S. Non-Farm Payroll Report.

Forex markets are trading in tight ranges ahead of this morning’s U.S. Non-Farm Payroll Report.

Traders are looking for a loss of about 175,000 to 225,000 jobs. The unemployment rate is expected to come in a 9.8%.

Investors will be looking for signs of improvement in the economy. A better than expected number is likely to trigger increased appetite for higher risk assets. A job loss greater than estimated should favor the Dollar.

The Dollar is trading mixed this morning, posting gains versus the Euro, Canadian Dollar and British Pound in light trading.

James A. Hyerczyk has been actively involved in the futures markets since 1982. He has worked in various capacities within the futures industry from technical analyst to commodity trading advisor. Using W. D. Gann Theory as his core methodology, Mr. Hyerczyk incorporates combinations of pattern, price and time to develop his daily, weekly and monthly analysis. His firm, J.A.H. Research and Trading publishes The Forex Pattern Price Time Report... More

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